Just bought my first warehouse. 50,000 Sq Ft.

https://news.ycombinator.com/item?id=7652340

by shawnk • 12 years ago

14 19 12 years ago

news.ycombinator.com

What should I do? rent it out or use it for ecomm companies. Need some Help.

_delirium• 12 years ago

Depends a lot on the location!

nowarninglabel• 12 years ago

Could you walk through a bit, your thought process, on buying a warehouse, for instance why you decided to purchase it?

businessgeek• 12 years ago

that was my first thought, too. why buying it when not to know how to use it!?

nevertheless: start a big coworking space :)

shawnk2• 12 years ago

Got it at a great price... A very great price :)

juliangoldsmith• 12 years ago

But to what end? If I could buy a brand new dump truck for $1000, does that mean that I should?

lgieron• 12 years ago

If you don't know what to do with it, and you bought it below market, just sale it for market price, book the easy profit and move on.

dosh• 12 years ago

visit top 5 co-working spaces around US/UK and start your own.

pros: you get to meet talented people and they will work in your space.

cons: your rent might not be that financially rewarding.

shawnk2• 12 years ago

love the idea but why would'nt the rent be too rewarding?

akg_672• 12 years ago

Lease it to someone who knows what to do with the warehouse.

reeses2• 12 years ago

The first thing I think with "cheap <industrial>" is "superfund". I hope no one ever did any work with electroplating, pharmaceuticals, pesticides, VOCs, asbestos, explosives, PCBs, or any other fun stuff that will come back to haunt the current owner.

akg_672• 12 years ago

Agreed. Hopefully, OP got the inspection and testing done before buying the warehouse. Also the purchase agreement doesn't absolve previous owner of any previous environmental contamination and cleanup costs.

fuzzythinker• 12 years ago

Where is it?

lsiebert• 12 years ago

Where are you? If you are in the sfbay area, I may have a suggestion.

Kanbab• 12 years ago

Ask BiggerPockets.com, they would know more about best use of real estate than Hacker News.

voiduser• 12 years ago

So you bought something without really thinking it through.

GOOD WORK!!

If I were you I would look at increasing its value then selling it on as quickly as possible. You obviously dont have the vision or mentality to be an entrepreneur.

greendata• 12 years ago

where is this located?

Just bought my first warehouse. 50,000 Sq Ft.

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